Columbia CareColumbia Care Inc. (OTC: CCHWF) is a fully integrated medical cannabis company, with operations ranging from cultivation to retail. Its American licenses allow for the cultivation of cannabis on 730,000 square feet of land, resulting in the potential to produce over 125,000 kilograms of product per year. This company has a promising stock that alternative investors will want to take a closer look at.

Marijuana sales are increasing in the United States, thanks to an increased push for legalization within state legislatures. Columbia Care saw a 260% increase in transactions in Illinois in January, thanks to a recent law legalizing the use of cannabis. Although the company focuses on medical products in its R&D, it generates more sales from the adult recreational market. Recreational sales outperform medical sales by seven to one.

The company is working towards opening a second dispensary in Illinois, which will help to boost the top line. It ended the previous fiscal quarter with $85 million in cash, putting it in a good position to grow its business in 2020. A strong return on the stock so far this year, and an average target price of $9.80 make it a compelling bargain-level pick for February.

Key Data:

  • 1 Year Price Growth: N/A
  • YTD Price Growth: 36%
  • 3 Month Price Growth: 13%

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